Examlex
In an experimental study,external validity refers to the
Inferior Good
A type of good for which demand decreases as the income of consumers increases, opposite to a normal good.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.
Income
Payments received, on an ongoing basis, as a result of employment or investment yields.
Normal Good
A good for which demand increases as consumer income rises, and decreases as consumer income falls.
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